Pick N Pay Stores (JSE:PIK) Long-Term Capital Lease Obligation : R16,465 Mil (As of Feb. 2024)

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What is Pick N Pay Stores Long-Term Capital Lease Obligation?

Pick N Pay Stores's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R16,465 Mil.

Pick N Pay Stores's quarterly Long-Term Capital Lease Obligation increased from Feb. 2023 (R15,133 Mil) to Aug. 2023 (R16,354 Mil) and increased from Aug. 2023 (R16,354 Mil) to Feb. 2024 (R16,465 Mil).

Pick N Pay Stores's annual Long-Term Capital Lease Obligation increased from Feb. 2022 (R13,657 Mil) to Feb. 2023 (R15,133 Mil) and increased from Feb. 2023 (R15,133 Mil) to Feb. 2024 (R16,465 Mil).

Pick N Pay Stores Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pick N Pay Stores's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pick N Pay Stores Long-Term Capital Lease Obligation Chart

Pick N Pay Stores Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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14,188.50

14,312.60

13,656.50

15,133.20

16,464.80

Pick N Pay Stores Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															13,656.50	14,130.70	15,133.20	16,354.30	16,464.80

Pick N Pay Stores (JSE:PIK) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Pick N Pay Stores Long-Term Capital Lease Obligation Related Terms

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Pick N Pay Stores (JSE:PIK) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pick N Pay Stores Ltd (JSE:PIK) » Definitions » Long-Term Capital Lease Obligation

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PIK:Germany

Address

101 Rosmead Avenue, Pick n Pay Office Park, Kenilworth, Cape Town, WC, ZAF, 7708

Website

https://www.pnp.co.za

Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.